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solar project finance

Off-Grid Solar Industry now a USD 1.75 Billion Annual Market: Report

The off-grid solar industry has grown into a USD 1.75 billion annual market, providing lighting and other energy to 420 million users, a new report has shown The off-grid solar industry has grown into a USD 1.75 billion annual market, providing lighting and other energy services to 420 million users and remains on a solid […]

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MNRE to Soon Issue Relief Guidelines for Solar Projects Delayed By Coronavirus

With an aim to save renewable energy developers from expected delays in project commissioning on the back of lack of supply from China due to spread of coronavirus, the Ministry of New and Renewable Energy (MNRE) will provide extra time for such developers. The move is expected to be in line with the earlier clarification […]

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Ministry of Finance Confirms Force Majeure Status for Coronavirus

In news that should bring some immediate relief to large solar developers, the Ministry of Finance has come out with a clarification on the Coronavirus epidemic. The clarification states that the coronavirus will be covered in the force majeure clause in agreements as a case of natural calamity. That should help developers whose incoming supplies […]

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Standard Chartered Commits $35 Bn Towards Renewable Projects

Standard Chartered has committed to providing USD 35 billion of project financing, M&A advisory and debt structuring services for renewable projects by 2024 Standard Chartered Bank has announced its business targets for supporting its clients as they transition to a low- carbon economy as part of the Bank’s sustainability aspirations. By the end of 2024, […]

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Rio Tinto to Build Solar Plant in Western Australia to Power Iron Ore Mine

Rio Tinto has approved an investment in a solar plant at the Koodaideri mine in Western Australia, as well as a lithium-ion BESS to power mining operations Rio Tinto has approved a $98 million (100 percent basis) investment in a new solar plant at the Koodaideri mine in the Pilbara, Australia, as well as a […]

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EBRD Grants $37 Mn Loan for Expansion of Wind Project in Turkey

EBRD has approved a loan worth USD 37 million for financing the expansion of the Kiyikoy wind project in the northwest of Turkey. The European Bank for Reconstruction and Development (EBRD) has approved a loan worth USD 37 million giving a boost to renewable energy production in Turkey by financing the expansion of the Kiyikoy […]

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SolarEdge to Supply Enfindus With Inverters for 1 GW of Solar Projects

SolarEdge has entered into a contract to supply smart energy products including inverters and power optimisers for 1 GW of solar projects with Enfindus. SolarEdge Technologies, a global leader in smart energy, has announced that it has entered into a contract to supply smart energy products and solutions, including inverters and power optimisers for 1 […]

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TGC Gets Financing for 70 MW New York Community Solar Portfolio

TGC has closed on $42.8 million in debt financing and $41.1 million in tax equity financing for a 70 MW community solar portfolio located in New York State. True Green Capital Management (TGC), a specialized energy infrastructure asset management firm, today announced that its has closed on USD 42.8 million in debt financing and USD […]

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Maldives Invites Applications for 21 MW World Bank Backed Solar Projects

Maldives has announced its largest renewables project so far, inviting bidders to submit applications to install 21 MW solar systems on its 6 major islands. The Island nation of Maldives has announced its largest renewable energy project so far, calling interested parties to submit applications for the pre-qualification to install 21 MW grid-tied solar PV […]

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